SWA has partnered with a leading national tax firm who specialize in Employee Retention Tax Credits. To date, the team has filed over 2,700 credits totaling over $255,000,000.
SWA has partnered with a leading national tax firm who specialize in Employee Retention Tax Credits. To date, the team has filed over 2,700 credits totaling over $255,000,000.
ERC was enacted by Congress as part of the CARES Act of March 2020. Subsequent COVID relief legislation expanded the program.
The amount of ERC available for business owners for 2020 is up to $5,000 per year, per full-time W2 employee. For 2021 it is up to $7,000 per quarter, per employee for quarters 1-3.
ERC is not a loan and does not have to be repaid.
Businesses that received PPP loans are also eligible for ERC. Qualification for ERC is based on either revenue losses in 2020 and 2021 and/or having been nominally impacted by Government Restrictions.
If in 2019, you had fewer than 500 full-time employees there are two ways your company can qualify for the ERC benefits.
Our experienced ERC team will prepare the complex Federal filings and do all the heavy lifting after getting financial information from the business. Payout is made 5-6 months after the filing is completed and comes directly to the business owner from the IRS.
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